Federal nod for gold mine takeover

Gold company GGG Resources says it has received Federal Government approval for its takeover of a gold mine in Western Australia's Goldfields.

GGG made a bid in March of just under $80 million to take over the Bullabulling gold mine, close to Coolgardie, from its joint partner Auzex Resources.

Financial director David McCarthur says the London-based company has now received approval from the Treasurer to go ahead with the takeover.

He says more jobs could come into the region if the bid goes ahead.

"Obviously with a full-blown mining operation just out of Kalgoorlie, clearly there is going to be a significant number of people employed so clearly if GGG's desires are forthcoming then we will be developing that project and employing people much sooner," he said.